Government Statistician, Professor Samuel Kobina Annim has said that Ghana’s economy grew by 2.9% in 2023, from the 3.8% recorded in 2022. The Services sector contracted by -1.2%, he added. Commenting on this development, an economist Dr Theo Acheampong asked on his X platform whether this is a further sign of relative macro-stabilisation. “Further signs […] The post Ghana’s
Latest data from the Ghana Statistical Service indicates that the cumulative growth of the economy stood at 2.9 percent in 2023. This is a 0.9 percentage points drop from the 3.8 percent recorded in 2022 but higher than the government’s revised target of 1.5 percent for the period under review. The fourth quarter also expanded […] The post Ghana’s economy expanded by 2.9% in 2023
By Korsi DZOKOTO In the realm of economic management, Ghana stands as a stark example of the profound impacts of mismanagement and corruption on a nation’s fiscal health. The story of Ghana’s economic trajectory is one of promise overshadowed by poor governance, inflated project costs, and unchecked borrowing. As we delve into the intricate web […] The post Counting the cost
The Ghana Premier League clash between Medeama SC and Aduana FC on Wednesday was brought to an abrupt halt due to heavy rainfall. The encounter, which marked a crucial week 18 fixture, saw both teams locked in a tense battle during the first half, with neither managing to gain a decisive edge. The relentless downpour, […] The post Heavy rainfall halts Medeama
Economist and senior lecturer at the University of Ghana, Dr. Adu Owusu Sarkodie, has stated that a consistent decline in inflation has resulted in drastic price reductions as the economy continues a steady rebound. Speaking on TV3’s Ghana Tonight programme on Monday, March 18, Dr. Adu Sarkodie pointed out that there have been improvements in […] The post Reduction
Kwaku Kwarteng, Chairman of the Finance Committee of Parliament and MP for Obuasi West has attributed Ghana’s current economic crisis to decades of reckless public expenditure and mismanagement by successive governments. In an interview with Accra-based JoyNews, the Obuasi West legislator noted that COVID-19 and Russia’s invasion of Ukraine are not solely responsible for the […] The post Kwaku
…global players exploring opportunities within AfCFTA By Kestér Kenn KLOMEGÂH The scramble for the multidimensional control of the African continent by global players is a geopolitical reality. In order to be part of this geopolitical arena, foreign players have been devising different mechanisms for revitalizing partnership and strengthening cooperation with Africa, says Dr. Babafemi A. […] The post
AFC Bournemouth manager Andoni Iraola is hoping to see Antoine Semenyo continue in his splendid form as the Premier League approaches its business end. The Black Stars forward was the hero on Wednesday night when the Cherries came from behind to secure a 4-3 victory in a thrilling encounter against Luton Town. Despite trailing 3-0 […] The post Bournemouth manager counting
Ghana forward Antoine Semenyo has shed light on Bournemouth’s incredible turnaround in their recent match against Luton Town, where they emerged victorious after being down by three goals in the first half. Despite a disappointing start that saw Bournemouth trailing by three goals, the team rallied together in a spirited second half, ultimately securing a […] The post Antoine
I prefer we dig right into the pointers on the ends of the spectrum of job-seeking insights, highly relevant to a successful hunt, and leave the googleable stuff at the latter part of the article. Essentially, we start from the middle… THE IMPORTANCE OF SOFT SKILLS IN A TECH-DRIVEN MARKET While technical skills can […] The post Modern Skills and Strategies
The National Democratic Congress General Secretary, Fifi Fiavi Kwetey, says the 24-hour economy proposal being championed by his party’s flagbearer, John Mahama, is a transformative initiative that aims to address Ghana’s increasing unemployment crisis and reshape its economic landscape. His statement follows the surge in Ghana’s unemployment rate, especially among the youth, citing statistics from […] The post Mahama’s
The Executive Vice President of the African Center for Economic Transformation (ACET), Mavis Owusu Gyamfi, has emphasised the need for fiscal prudence to bolster Ghana’s economy. According to her, fiscal prudence means making wise and careful decisions regarding financial matters, particularly in the management of government funds and public money. In an interview with Bernard […] The post We
In a collaborative effort, a joint task force involving the Tree Crop Development Authority, the Oil Palm Development Association of Ghana, the Customs Division of the Ghana Revenue Authority, and National Security successfully seized over 1,000 units of 25 litres of vegetable oil suspected to be smuggled. The operation took place at a warehouse located […] The post Joint
Isaac Adongo, the Member of Parliament for Bolgatanga Central, has strongly criticized the Akufo-Addo administration’s economic performance during a lecture at the University of Professional Studies, Accra (UPSA). The lecture, titled “Ghana’s economic mess; Victim of poor economic governance?” raised concerns about the government’s effectiveness in addressing the nation’s financial struggles. Adongo specifically highlighted the […] The post
The Customs Division of the Ghana Revenue Authority has assured stakeholders of its commitment to reducing the long duration of goods clearance at various ports across the country by 50%. Currently, it takes about 10–12 days to clear goods at the Tema port, 7 days at the Kotoka International Airport, and 3 days at the […] The post We’re committed
By Emmanuel Owusu Agyei AMPEM My friend Charlotte of ENI has always been arguing; and she talks to me about climate change and its effects on modern economies. She has been so passionate about it that she tells me how her application to join the just-ended COP 28 was rejected because she works for ENI […] The post A 24-hour economy policy – celebration of mediocrity?
The Member of Parliament (MP) for Madina, Francis-Xavier Sosu, has staunchly defended his Parental Leave Bill Proposal, designed to address the gender gap by advocating for a parental leave period ranging from 7 days to 4 weeks for fathers to support their spouses after childbirth. Sosu highlighted the need for immediate parental leave for working […] The post Paternal leave
By Chen WENLING Western media has frequently adopted a pessimistic stance towards the Chinese economy. These narratives reveal the underlying pressure and apprehension certain Western countries experience in the realm of economic competition. By downplaying China’s economic prowess, their objective is to undermine China’s global standing and influence. Nevertheless, these portrayals often fail to acknowledge the […] The post
By Ebenezer Ashley (PhD). The concept of inflation has attracted diverse theories from different economists across the globe. Economists with varied forms of theories on inflation are grouped into two. These include structuralists and monetarists (Nitisha, n.d.). Structural economists assert, inflation is the end-product of the imbalances inherent in economic systems; and adapt both fiscal […] The post
The opposition National Democratic Congress (NDC) has reiterated its commitment to ensuring that Ghanaians acquire wealth through its proposed 24-hour economy if elected in the 2024 elections. The NDC held its National Policy Dialogue on February 22 and February 23 to deliberate on its policy priorities for the December polls at the Peduase Lodge in […] The post 24-hour
Facebook
Twitter
Pinterest
Instagram
Google+
YouTube
LinkedIn
RSS